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Sep 13, 2012
09/12
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. >>> big ben bernanke making his move. chips on the table. the fed is going to spend $40 billion of those chips every month to buy mortgage backed securities until the job market shows some signs of improving. will it be enough to satisfy wall street? what kind of political may hhem will it create? >>> check out the 10-year note. spiked on the news about a half-an-hour ago. there it is, the 10-year note at 1.80%. that's way up from where it was a couple of months ago. >>> now we talked a little bit about the politics. this is a decision that comes smack in the middle of a very contentious political season. fed's independence on the table. we're going to have one of the most powerful republicans on the hill when it comes to monetary policy and fiscal stuff. >>> first though to the floor of the nyse. sue herera, take it away. >> this is where it's all happening, ty. we have a triple-digit advance in the dow jones industrial arch. we are up 112 points on the dow. that is the high of the trading session. the dow now hitting levels not seen since
. >>> big ben bernanke making his move. chips on the table. the fed is going to spend $40 billion of those chips every month to buy mortgage backed securities until the job market shows some signs of improving. will it be enough to satisfy wall street? what kind of political may hhem will it create? >>> check out the 10-year note. spiked on the news about a half-an-hour ago. there it is, the 10-year note at 1.80%. that's way up from where it was a couple of months ago....
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Sep 14, 2012
09/12
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this week's nominees, mark zuckerberg, ben bernanke, tim cook of apple. log on to facebook.com/cnbc, and don't forget to tune in to street signs to see who you chose. sue? >> all right, ty. coming up, a new poll shows president obama holds the lead over mitt romney in three key states. but mr. obama continues to the ba well wall street. is the street funneling more money to his rival mitt romney? we'll talk about that when power lunch comes back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> it is power rundown time. bob pisani and john carney are with me today. good to see you, gentlemen. we told you a bit earlier we made some calls
this week's nominees, mark zuckerberg, ben bernanke, tim cook of apple. log on to facebook.com/cnbc, and don't forget to tune in to street signs to see who you chose. sue? >> all right, ty. coming up, a new poll shows president obama holds the lead over mitt romney in three key states. but mr. obama continues to the ba well wall street. is the street funneling more money to his rival mitt romney? we'll talk about that when power lunch comes back. [ male announcer ] how do you trade? with...
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Sep 4, 2012
09/12
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bernanke laid the groundwork suggesting quantitative easing could help the recovery and stagnation is a great concern. the open market committee said many voting members saw the need for additional easing quote-unquote fairly soon. the action would likely be a combination of additional qe and extending the period the fed forecasts it will keep interest rates exceptionally low. >> there's the old saw the fed does not like to act in the immediate precedent to an election, is that not true? >> it has acted before a presidential election and will if it thinks it needs to. >> simon, where do we stand? >> basically, tyler, investors are caught between two forces, the ecb will do what's necessary to hold the euro zone together with the board meeting thursday and on the other hand, the economic situation is clearly deteriorating. spain's unemployment rate rising .8 and although the rise is bad news, the increase is the smallest since 2006. but spain's unemployment rate stands 25%, the highest of the european union basically 1 in 4 workers is without a job. moody is changing its outlook on the
bernanke laid the groundwork suggesting quantitative easing could help the recovery and stagnation is a great concern. the open market committee said many voting members saw the need for additional easing quote-unquote fairly soon. the action would likely be a combination of additional qe and extending the period the fed forecasts it will keep interest rates exceptionally low. >> there's the old saw the fed does not like to act in the immediate precedent to an election, is that not true?...
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Sep 10, 2012
09/12
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you've had a 10% rally since ben bernanke first indicated it. could we have another up to 10%? i think that's max. so i don't see as big a move here. and also, that spread between the risky stocks and the lower risk is not nearly as why here. so for our strategies, i don't think you have to move from a growth overvalue. but in europe, it is definitely going to be a value trade. >> you had an interesting aside as we were watching mr. monti there. he said -- need to access this lifeline. why is that the case? >> because rates have already dropped by over 100 base points in italy. so the fact that the ecb is going to back up bonds is -- that's giving confidence and that's what's key. lower interest rates. when rates drop, that's whether it really kicks in for equities. >> let's talk a little bit. you pointed out also that look at spanish bond yields, down 1 1/2 points in just the past week or so. this is an indication -- >> confidence. >> -- the tonic has started to go to work, even ahead of it being really administered. >> exactly. europe is only up about 10% as well since july 2
you've had a 10% rally since ben bernanke first indicated it. could we have another up to 10%? i think that's max. so i don't see as big a move here. and also, that spread between the risky stocks and the lower risk is not nearly as why here. so for our strategies, i don't think you have to move from a growth overvalue. but in europe, it is definitely going to be a value trade. >> you had an interesting aside as we were watching mr. monti there. he said -- need to access this lifeline....
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Sep 7, 2012
09/12
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all the macro data of next week and you're going to wait to see if ben bernanke actually says here it is. we're doing it or just more talk. >> as we governor romney working the crowd here, when he does begin to speak, we'll take the remarks. how much of the political rhetoric, gentlemen, that we're going to hear from both of the candidates, whip saws this market, what do you think, bob? or not at all. >> today we saw not a lot of movement from -- i think democratic convention for the week but certainly as we get closer, you want to watch those odds because down here that's what they watch. they want the in trade moves. you do, too. >> yep. >> it's essentially bets on who's winning the presidential election. >> changes almost every day. >> moving one way or the other heavily then there's an influence on the stock market. >> the political discussion for sure is a headline. everyone's going to start paying athe engs to it because i think it's a close race and that people are really looking for direction. >> does it overshadow or take precedence over europe? now that we have some details
all the macro data of next week and you're going to wait to see if ben bernanke actually says here it is. we're doing it or just more talk. >> as we governor romney working the crowd here, when he does begin to speak, we'll take the remarks. how much of the political rhetoric, gentlemen, that we're going to hear from both of the candidates, whip saws this market, what do you think, bob? or not at all. >> today we saw not a lot of movement from -- i think democratic convention for...
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Sep 11, 2012
09/12
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the short term, ben bernanke has much more influence over what's going on in the economy than the president of the united states. >> michael lewis, we will be back with you, talk a little bit of sports, a little bit of stephen strasburg and more throughout the hour. meantime, sue? >> indeed, ty. the markets gaining little bit of strength, up 85 points but also a bond auction in chicago. three years just went off the block. rick santelli at the cme. i saw a bid to cover of about 3.94%, which seems pretty much on the strong side to me but what do you think, ricky? >> yeah it was on the strong side. i almost had the big one when i read that number. i have a 20-year -- >> don't do that. >> i have a 20-year database of three-year note and i cannot find a higher bid to cover than today's 3.94. close to $4, chasing every dollar's worth of securities available for sale, just a big wow on that the wi market was flipping between 34 and 33 1/2, offered at 34 and a half, 34 the yield came in .337, a couple of three-tenths under 34 you could argue there was a little bit of a tail there, but even having
the short term, ben bernanke has much more influence over what's going on in the economy than the president of the united states. >> michael lewis, we will be back with you, talk a little bit of sports, a little bit of stephen strasburg and more throughout the hour. meantime, sue? >> indeed, ty. the markets gaining little bit of strength, up 85 points but also a bond auction in chicago. three years just went off the block. rick santelli at the cme. i saw a bid to cover of about...
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Sep 12, 2012
09/12
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what would ben bernanke do if mitt romney won the white house an we said would bernanke resign? 80% said no, he would not. 7% said yes. asked about the bigger political question of the fiscal cliff, 74% say it is already hurting the economy. 15% say it is going to affect later. 11% saying no effect at all. check out these concerns from ethan harris of bank of america. "the u.s. and global economy are entering the most dangerous period of this economic recovery. if the fiscal cliff is badly handled at the same time that the european crisis enters another acute phase, a recession is likely." sue, those are concerns about political issues that are out there among wall street veterans, waumt economill strees and strategists. we'll have interesting data on the european crisis at 2:00. >>> we know it is thinner, we know it is lighter. maybe it will fit in a cocktail purse. brian sullivan has the first pictures of the new iphone. >> we do. video moments ago of the new iphone 5 being unveiled. we gave you some of the specs. bottom line, they released it, it is bigger, it is thinner, it
what would ben bernanke do if mitt romney won the white house an we said would bernanke resign? 80% said no, he would not. 7% said yes. asked about the bigger political question of the fiscal cliff, 74% say it is already hurting the economy. 15% say it is going to affect later. 11% saying no effect at all. check out these concerns from ethan harris of bank of america. "the u.s. and global economy are entering the most dangerous period of this economic recovery. if the fiscal cliff is badly...
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Sep 28, 2012
09/12
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my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that. >>> in one of the best tweet smackdowns ever, oreo recently asked followers if they had ever brought cookies into a movie theater. yes, i have. which prompted this response from amc theaters. "not cool, cookie. a reference to its no food policy. oreo quickly fired back. fair enough but don't hate the player, hate the game. and back and forth it went with amc's answer game on, oreo. game on. jane and bob, what do you think? this kind of social engagement help or hurt the brands themselves. jane? >> i think it helps very much. particularly amc theaters which has twice as many followers on twitter as oreo. and it
my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that....